Retail sales declined in September by about 0.2%, according to data released moments before by the official statistics office in the United Kingdom, compared to a decline of about -0.9% in the August reading, while expectations indicated a growth of about 0.6%.
In the details of the index, sales in non-food stores decreased by 1.4% due to the decline in sales in household goods stores by -9.3%, such as furniture and sports equipment stores.
In contrast, sales of motor fuel increased by 2.9% in September, and sales of food stores increased by about 0.6%.
Less than two hours later, the preliminary reading of the PMI manufacturing and services index will be released from the United Kingdom, where expectations indicate a slowdown in the growth of the service and manufacturing sector in October.
The British pound is trading with a slight decline at 1.3790 levels against the US dollar, after testing 1.3808 levels in the Asian session.
06/11/2024
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